A Study On The Impacts Of The Residential Price Alongside The Urban Rail Transit In Hangzhou

The effects of urban rapid rail transit on surrounding housing prices, relating to many research fields, is a heated basic research subject all around the world. In recent years, increasing concerns and research have been given to this subject with the widespread construction of urban rapid rail transit in China. This kind of research is worthy reference to the present real estate market Control section, the track transport facilities company, the property developer, city planning section and so on.This thesis discusses the effects of urban rail transportation projects on surrounding house prices with the case of Hangzhou Metro Line 1, divides the effects into two aspects: Time Effect and Space Effect, and studies from The whole subway and single site respectively. By summarizing the existing research approaches stated in listed materials and further improving on Hedonic Price Model, the thesis adopts the Hedonic Model and mensurably researches by spss software.The results of research on Time Effect indicate that the housing price around 1 km within a radius has soared nearly as much as 113.1% from 2005 until 2010, with metro line 1 project construction gradually completed and peripheral infrastructure continuously improved, coupled with the ultimately determine all the subway stations. In addition, prices of houses around Metro Line 1 have recorded favorable responds to two landmark occasions: its start of construction and its stations finally determined.The results of research on Space Effect indicate that Metro Line 1 stations have an effect on areas within a radius of 1 km of the stations, which is the most obvious within the radius of 200 to 400m. The housing price rise within the radius of 300-400m is higher than the radius of 800-1000m 13.66%.Thehouse price rise where between 200 to 300m has the largest increase of 15.84% ,higher than the radius of 700-800m 11.24%.However the rise in 200m radius area is relatively stable and slight.The degree of the effect on each station shows that the effect on the housing prices is not significant around wuli square station and consistent with the integral area effect around zhanongkou station. But it around the jiubao site is very great. Obviously, the influencing extent which metro line 1 project construction on wulin square, zhanongkou and jiubao station have been gradually expanded tendency.Finally this thesis comprehensively summarizes our research problems, and puts forward the insufficient of this study and prospect of the further problems in subsequent research.